Shutting down GOCCs may worsen unemploymentTHE Confederation for Unity, Recognition and Advancement of Government Employees (Courage) opposed Wednesday the possible deactivation of some state agencies and corporations in a bid to streamline government spending. In a phone interview, Courage President Ferdinand Gaite said there will be thousands of regular employees who would be affected in the plan of the Palace to axe some government-owned and controlled corporations (GOCCs). Updates on President Benigno Aquino III’s presidency “It would be counter-productive as this will also lead to increase in unemployment, especially for thousands of government employees,” said Gaite.

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